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Arbitrum Announces Bridged USDC as a Custom Gas Token for Orbit Chains

Twitter icon  •  Published 5 months ago on August 8, 2024  •  Hassan Maishera

The Arbitrum team announced via a blog post on Wednesday that Bridged USDC is now supported as a custom gas token on Arbitrum Orbit chains.

Arbitrum Announces Bridged USDC as a Custom Gas Token for Orbit Chains

The Arbitrum team announced via a blog post on Wednesday that Bridged USDC is now supported as a custom gas token on Arbitrum Orbit chains. With this latest development, builders will benefit from even more ways to customize their Orbit chains, including quickly setup via Orbit RaaS providers as a standard configuration option and the opportunity to apply for the USDC Grant Program from Circle.

With bridged USDC as a custom gas token, users can now pay for transaction fees using one of the most popular and widely accepted stablecoins. This eliminates the need to hold multiple types of tokens solely to cover gas fees, streamlining the transaction process, and making it more user-friendly.

Arbitrum is a suite of scaling solutions on Ethereum that utilize Optimistic Rollup. It allows users to enjoy faster speed and cheaper transaction costs when interacting with web3 dApps. ARB, the native coin of the Arbitrum network, is down by 2% today and is trading at $0.5054.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.